SG Talk

High Inflation @ 4 4% as CPF members feel cheated @ 2.5% pa.

even give u the 4.4 also not enough.
prices jump over the wall
they want u to eat Bugs how else they everyday shows bulging dented can foods?
they laugh at u and rub it in

(26-07-2022, 03:31 AM)Scythian Wrote: [ -> ]High Inflation @ 4 4% as CPF members feel cheated @ 2.5% pa.

Paying nothing to CPF members from investing CPF savings yet,..

"Ho Ching claims investment returns by GIC, MAS, and Temasek are the “single largest contributor to SG budget” more than income tax or GST"

https://theindependent.sg/ho-ching-claim...n%20income

.
Thru 1980 to 2021, CPF total savings was much bigger than GIC as well as Temasek.

Its common sense that CPF members should retire comfortably after stopped work.

Elevated inflation means CPF savings  are making losses losing buying power.

Thus is the paradox of money...when people feel they are safe putting money in fixed instruments like savings account or fixed deposit they are exposing themselves to risk and they don't realise it.

(26-07-2022, 09:55 AM)sgbuffett Wrote: [ -> ]Elevated inflation means CPF savings  are making losses losing buying power.

Thus is the paradox of money...when people feel they are safe putting money in fixed instruments like savings account or fixed deposit they are exposing themselves to risk and they don't realise it.

Dog eats dog

CPF members being cheated